Title: The Art of Trading
Author: Christopher Tate
ISBN: 1-876627-63-8
Number of pages: approximately 230 pages
This book by Christopher Tate entitled “The Art of Trading” is, in my opinion, one of the best books out there. Very very beneficial to somebody starting out or long-timers who are in need of some tweaking.
What I like about Mr. Tate is that in his book, he doesn’t give you any false hopes or any guarantees about stock trading. He acknowledged that trading is a high-risk venture in which not everybody is up to task to tackle the challenges laid out by the financial markets.
The book begins with a myriad of materials related to traders’ psychology. He emphasised that to succeed in stock trading, one must be able to understand that fulfilling a number of psychological requirements is a must. If not, your are destined to doom.
Like myself, Mr. Tate is a strong believer of technical analysis. So, for traders who trade based on fundamentals, you might not like the book. Unless of course, you are thinking of converting to technical analysis.
The book goes into quite a number of topics like spotting chart patterns and technical indicators. Things like money management and position sizing is also covered.
Personally, I’d rate this book as a must-read for all traders. However, do take note that the book was specifically written for the Australian markets.
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Disclaimer: This article is not a specific nor general advice on managing or investing your money. This article does not constitute a recommendation nor does it take into account your investment objectives, financial situation nor particular needs.
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